Now showing items 1-5 of 5

    • The Behavior of stock returns in Turkey: 1986-1988 

      Başçı, Erdem (Bilkent University, 1989)
      This study investigates distributional and time series behavior of common stock returns in Istanbul Stock Exchange (ISE) for the period 1986-1988. The distributions of weekly price returns deviate from normality with ...
    • Does money matter? A deterministic model with cash-in-advance constraints in factor markets 

      Başçı, Erdem; Sağlam, İsmail (Springer, Berlin, Heidelberg, 1999)
      This paper points to the importance of finance constraints in affecting competitive outcomes in economies that operate with money. We study a simple dynamic economy that operates through the use of fiat money under ...
    • Markets as institutions 

      Başçı, Erdem (Bilkent University, 1995)
      This dissertation investigates resource allocation via institutions. A unifying framework for studying various kinds of institutional structures is provided. After the introductory Part 1, Part 2 presents the general ...
    • On the importance of sequencing of markets in monetary economies 

      Başçı, Erdem; Sağlam, İsmail (Springer, 2003)
      This paper studies money as working capital in a general equilibrium model. We argue that the way transactions are settled is the main determinant of the presence or lack of working capital in a cash-in-advance economy. ...
    • Rationality of inflation expectations in a financially repressed economy 

      Başçı, Erdem (Bilkent University, 1990)
      This study attempts to assess the quality of p u b l i c ’s expectations of inflation by investigating the dynamic interactions between money, prices, income and interest rates in Turkey. Four alternative hypotheses on ...